Abstract
This paper assesses the impact on potential growth of selected structural reforms
foreseen in the 2017 Portuguese National Reform Programme. Relying on
QUEST III, a dynamic stochastic general equilibrium model with semiendogenous
growth developed by the European Commission, we focus our assessment on four areas: educational attainment, incentives to innovation, employment incentives and financing of the economy. The estimates show that the implementation of the selected reforms could bring significant long-term gains in terms of potential growth, derived from a boost in investment, improvements in productivity and employment growth.
foreseen in the 2017 Portuguese National Reform Programme. Relying on
QUEST III, a dynamic stochastic general equilibrium model with semiendogenous
growth developed by the European Commission, we focus our assessment on four areas: educational attainment, incentives to innovation, employment incentives and financing of the economy. The estimates show that the implementation of the selected reforms could bring significant long-term gains in terms of potential growth, derived from a boost in investment, improvements in productivity and employment growth.
| Original language | English |
|---|---|
| Pages (from-to) | 35-46 |
| Journal | Boletim Mensal de Economia Portuguesa |
| Issue number | 9 |
| Publication status | Published - Sept 2017 |